Alternative reinsurance capital

Ariel Re, the Bermuda headquartered global reinsurance firm, remains constructive on the outlook for the cyber insurance-linked securities (ILS) market, with Dan Carr, Head of Cyber at the firm, emphasising that as cyber portfolios continue to grow as the risk further escalates, this will allow alternative capital to become a more important part of the […]

As investor and issuer interest in catastrophe bonds remains high following a record-breaking first half of the year for cat bond issuance, Hiscox Capital Partners is leveraging decades of traditional reinsurance relationships to navigate an increasingly crowded ILS market, Vincent Prabis, Managing Principal of Hiscox Capital Partners told Artemis.

Retrocession is back in fashion as market conditions evolve across reinsurance and rating agency S&P believes retro buying is set for a comeback, as reinsurers recognise favourable pricing and conditions for protection, while looking to manage their catastrophe limits in a softening market.

When it comes to alternative sources of reinsurance capital and insurance-linked securities (ILS) investors supporting the massive need for capacity to insure and reinsure the data centre build-out, Swiss Re executives explained in Monte Carlo that it must be effective in terms of the economics.

Speaking with Artemis at the 2026 Monte Carlo Rendez-Vous, Kier James, Chief Underwriting Officer (CUO) of MultiStrat, underscored that as the casualty insurance-linked securities (ILS) market continues to grow, it also needs to demonstrate that it can be disciplined throughout market cycles in order to continue attracting capital and build confidence with investors.

In this insurance-linked securities market environment where engagement from investors remains strong, Chris Parry, the Global Head of RenaissanceRe Capital Partners told us that a disciplined approach matters more than growth and right-sizing capital is key at this stage of the reinsurance cycle.

The connectivity between risks in an increasingly complex world means their consequences can be amplified. As the insurance and reinsurance industry work to understand emerging risks, there’s a need to build the conviction and confidence of all stakeholders including capital providers, so risks can be effectively transferred, according to Moody’s CEO Rob Fauber.

Peak Reinsurance Company (Peak Re), a global reinsurer headquartered in Hong Kong, has plans to “reignite” its third-party capital management business in 2027, seeing itself as having a differentiated offering for investors and wanting to become more sophisticated in the space, Chief Underwriting Officer Philip Hough told Artemis.

The insurance and reinsurance industry has an opportunity to harness the appetite of global investors to support growth and help find the capacity to make more risks insurable, because “there is a massive amount of capital that’s looking to enter our industry,” according to Kelly Superczynski, Head of Global Capital Advisory at Aon’s Reinsurance Solutions.

Today’s abundant reinsurance and insurance-linked securities capital levels presents the sector with a window of opportunity to diversify its capital stack and secure longer-duration solutions, before the market inevitably shifts again, Jarad Madea, CEO of Howden Capital Markets & Advisory told us in an interview.